07 Feb Twyford: Crossrail effect energises local office market
Signifying a step-change increase in demand for office space in Crossrail station locations, LSH and Page Hardy Harris have let 15,336 sq ft and have 5,000 sq ft under offer at The Pavilions, Twyford, on behalf of BMO Real Estate Partners.
Twyford is an important part of the Crossrail expansion and will be served by The Elizabeth Line from December 2019. The train station, which is just 15 minutes’ walk from The Pavilions, currently provides access to the nearby commuter towns of Reading (7 minutes), Maidenhead (8 minutes) and Henley-on-Thames (12 minutes).
Chris O’Connell, asset manager of BMO Real Estate Partners, commented:
“We are delighted to welcome our new tenants to The Pavilions and we will be continuing to roll out our refurbishment programme across the park. We will shortly be commencing works to refurbish a self-contained office building of 8,500 sq ft, which will be complete by Summer 2017.”
The Pavilions is an established business park situated in Twyford, near Reading, offering high quality office accommodation in a tranquil, landscaped setting, with excellent amenities nearby, including Waitrose, Costa, Natwest bank, a Post Office and pharmacy.
IT company, Prodec Networks, has taken Unit 7, a self-contained office building of 10,887 sq ft.
Unit 2 is currently under offer and offers 5,226 sq.ft of office space set in the landscaped business park. Unit 6, 4,449 sq.ft of light industrial space has been let to an established light industrial user.
Mark Harris, director of Page Hardy Harris, added:
“The Pavilions offers tenants exceptional value for money in comparison to nearby office locations. The remaining accommodation is available at a very competitive rent of £19.50 per sq ft.”
Source: for full article visit The Business Magazine
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Contributor: Mark Harris